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9 Lessons Learned: Insurance

Car Insurance Company Comparisons: What to Look For in a Car Insurance Policy

Many car insurance companies offer a host of features for car insurance policies with varying importance and priorities. A car insurance or auto insurance is a contract between you and your insurance company, wherein you agree to pay the premium and the insurance company agrees to pay losses as defined by its terms and conditions. Various car insurance policies offer property, liability and medical coverage. The coverage of property insurance are damage or theft of your car. Liability insurance covers any of your legal responsibility to others for property damage or bodily injury. The coverage of medical insurance include cost of injury treatment, rehabilitation and some would cover lost wages and funeral expenses. There are different requirements for availing an auto insurance policy, but generally it comprises six different kinds of coverage and you are not required to buy all coverages.

Car insurance coverage should include replacement and repair of a windscreen cover; loss or damage of personal belongings following an accident, fire or theft; replacement of keys and associated locks; car rescue coverage; courtesy car and guaranteed repairs. Aside from the ones mentioned, a good car insurance policy offer up to the market value, coverage for the cost of moving the vehicle from the scene of accident to the nearest repairers and a twelve month repair guarantee. ‘Should have’ features include new car replacement, loss, stolen or damage car stereo and satellite navigation, accident transport, hotel expenses, twenty-four hour help line, total loss courtesy car, legal expenses and breakdown cover. A good insurance company will give sixty percent of list price and within twelve months from new, up to market value for manufacturers’ equipment, accident passenger coverage of up to seven passengers and emergency help line.…